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Axis Bank Business Loan EMI Calculator

The Axis Bank business loan EMI calculator is a very useful tool to compute the business loan EMI. Let us understand how? Before you take a business loan, business owners should compute the business loan EMI. This will help them to plan the loan in a more organized manner, considering the other expenditures of the business. While there is a formula for calculating the business loan, they are time-consuming. So, using a business loan EMI calculator simplifies the process and gives the result instantly.

The Advantages of A Business Loan From Axis Bank

Axis is the 4th largest private sector bank in India in terms of market

capitalization. It offers business loans which come with affordable interest rates and convenient repayment tenures to give flexibility to business owners.

The following are the major advantages of availing from Axis Bank business loan

  • Affordable interest rates
  • Collateral Free business loans
  • High loan amounts up to Rs. 50 Lakhs
  • Business loans based on GST returns.
  • Processing fee up to 1.75% of the loan amount
  • Disbursals in few minutes
  • Up to 2.00% + applicable taxes

Comparison of Axis Bank Business Loan With Other Lenders


Interest Rate


Interest Rate

Axis Bank

11.5% onwards


11.90% to 21.35% per annum

IndiFi Finance

1.5% per month onwards

Kotak Mahindra Bank

16% to 19.99% per annum

Hero FinCorp

Upto 26% per annum


from 1.25% per month

Fullerton Finance

17% to 21% per annum


1% per month onwards

Neogrowth Finance

19% to 24% per annum


17% per annum onwards


18% onwards

RBL Bank

17.50% to 25% per annum


1% to 1.5% per month (Flat ROI)

Tata Capital Finance

19% per annum onwards

IIFL Finance

11.75% to 25.75% per annum


10.75% to 20.5% per annum


17% per annum

IDFC First Bank

14.50% onwards

Things To Look Into While Computing Business Loan EMI

The following are the factors that affect the computation of business loan EMI

Loan Amount: It is the base factor for computing the monthly loan EMI amount. As the loan amount increases, the EMI amount also tends to increase proportionally.

Rate of Interest: The rate of interest is based on your income, credit score, the financial statement of the business, and repayment capability.

Duration of the loan: The tenure of the loan has the maximum impact on the EMI amount. It is the time taken to repay the loan amount completely including interest. When the tenure increases, it will result in low EMI amounts.

Advantages of The Axis Bank Business Loan EMI Calculator

  • Accurate Calculations: It provides you with the exact EMI calculation based on the loan amount, interest rate, and repayment tenure you have entered.
  • Saves Time: You can make calculations for your EMI instantly using the Axis Bank business loan EMI calculator. Thus, you can save time and make your loan decision faster.
  • Easy Availability: The Axis Bank business loan EMI calculator is easily accessible. It is available on multiple devices such as cell phones, personal computers, and tablets thus enabling you to compute your EMI anytime, anywhere.
  • Calculate EMIs With Various Amounts and Tenures: You can enter various loan amounts and interest rates on the EMI calculator and compare the different EMI amounts you are getting. You can then settle for the terms of the loan accordingly. However, you must be sure of the interest rate you are using to compute the EMI. Axis Bank business loan interest rates start at 11.05%
  • Compare Axis Bank Business Loan EMI: The calculator provides you with accurate computations of your business loan EMIs. You can compare the EMIs with that of other banks for different loan amounts and tenures. You can use this information to choose the most affordable option with respect to loan amount and repayment schedule.
  • Determine the Outstanding Balance:The Axis bank business loan calculator helps in calculating the remaining loan duration for the balance due at any time of the loan term. Hence, it can help you get a loan at a lower interest rate with a balance transfer or reduce loan tenure by prepayment or foreclosure.
  • Obtain Detailed Amortization Schedule: The Axis Bank Business Loan EMI calculator helps you obtain the division of the total EMIs into principal and interest repayment at equal intervals throughout the loan term. The borrower can be aware of how much interest they are paying and the loan balance with each payment.

How Does The Axis Bank Business Loan EMI Calculator Work?

An EMI calculator integrates the formula given below into its functioning

EMI = {P * R * (1 + R) ^ N} / {(1+R) ^ (N - 1)}

Here P is the principal amount or the loan amount

R is the interest rate

N is the repayment period in months

Let us consider an example

P = 4 Lakhs, duration = 4 * 12 = 48 months, interest rate per month = 11%

Therefore, EMI = [4,00,000 x 11/100 x (1+11/100)48] / [(1+11/100) 48- 1] = 10,338

The same can be computed easily using the Axis Bank business loan EMI

calculator easily. You just have to enter the values for the loan amount, interest rate, and tenure and the equated monthly installment will get displayed automatically.

For the above example, the total amount payable = Rs. 4,96,234, principal amount = 4,00000, and interest amount = Rs. 96,234 are also displayed along with the EMI when the calculator is used.

Step-by-Step Guide For Using Axis Bank Business Loan EMI Calculator

  • Input the values for the loan amount, interest rate, and tenure by moving the sliders.
  • As you move the sliders and place them at the required values, the EMI will get calculated and displayed automatically.
  • The total amount payable, the principal amount, and the interest amount are also displayed.

Amortization Schedule

Loan Amortization refers to the method of scheduling a fixed rate loan into equal payments. The amortization schedule typically breaks the EMIs to be paid monthly into principal and interest amounts. Thus, the share of principal amount changes with every month’s EMIs. However, as the loan tenure goes by, the former keeps on decreasing and the latter keeps on increasing. As a result, if you wish to repay your loan in the first few years, you will discover that you have paid just a little proportion of the principal amount.

Let us understand this with an example: Suppose that you have obtained an Axis Bank business loan of Rs. 20,00,000 for 5 years at an interest rate of 11.5%, therefore, the monthly EMI payable on this amount would be Rs. 44985 and the EMI payable yearly would be Rs. 539820.

The Amortization schedule designed for this purpose is as follows:


paid during the year

repaid during the year



Rs. 20,00000

Rs. 21,3790

Rs. 314033

Rs. 1685967


Rs. 1685967

Rs. 175710

Rs. 352112

Rs. 1333855


Rs. 1333855

Rs. 133014

Rs. 394809

Rs. 939046


Rs. 939046

Rs. 85139

Rs. 442683

Rs. 496363


Rs. 496363

Rs. 31460

Rs. 496363

Rs. 0


Using the Axis Bank business loan EMI calculator simplifies the task of calculating the business loan EMI. So, use it and do away with the difficulty of doing manual Calculations which are not only cumbersome but time-consuming as well.

FAQs Axis Bank business loan EMI calculator:

1. Are business loans payments monthly?

Most business loans need to be paid in monthly EMIs. But, some need weekly,Daily, or interest-only payments. Some can be paid only when the loan matures.

2. How many years is a business loan usually?

Long term business loans usually have repayment terms ranging from 3 to 10 years. Whereas, short-term business loans usually have repayment terms of one year or less.

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